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Tag: UBA

Transcorp Power emerges top NGX weekly gainer
Business

UBA capital hits N513bn as NGX lists new shares

The Nigerian Exchange Limited has listed an additional 3.16 billion ordinary shares of United Bank for Africa Plc on its daily official list, marking a significant boost to the bank’s market capitalisation and further strengthening liquidity within the Nigerian capital market. The development was conveyed to the bank in a confirmatory letter dated January 12 […]

UBA begins $6bn project to support African SMEs
Banking

UBA crosses N500bn threshold after successful rights offer

United Bank for Africa has raised N178.3 billion through a rights issue, pushing its capital base above the N500 billion threshold required for Tier 1 banks with international licenses. The bank announced the successful conclusion of the rights issue in September 2025. This latest capital raise follows a previous N239 billion raised in November 2024, […]

Kenyan CBN fines UBA, others for regulatory breaches
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UBA partners Lagos, CIG Motors on $100m transport scheme

United Bank for Africa Plc has announced a $100 million financing partnership scheme with CIG Motors, Lagride, and the Lagos State Government. This initiative is aimed at redefining urban mobility and promoting financial inclusion within Nigeria. Under the partnership, which is tagged “Drive to Own,” UBA will serve as the key financier. The bank is […]

Business

UBA backs Lagos’ Lagride with $100m funding

Lagride, the Lagos State Government-supported e-hailing platform, has secured a $100 million financing facility from United Bank for Africa to scale its Drive-To-Own initiative. The company stated that the funding will enable approximately 3,500 drivers to move from daily rental arrangements to long-term vehicle ownership, fostering small business opportunities within Lagos’ transportation sector. The funding […]

UBA begins $6bn project to support African SMEs
Banking

UBA announces retirement of four executive directors

United Bank for Africa Plc has announced that four of its Executive Directors will retire, effective January 1, 2026. This was disclosed in a notice signed by Group Company Secretary Bili Odum and submitted to the Nigerian Exchange on Friday. UBA stated that the retirement follows the completion of their tenure. “United Bank for Africa […]

Banking

UBA records robust earnings in third quarter 2025

The United Bank for Africa Plc, has released its audited financial results for the third quarter ended September 30, 2025, showing strong performance across major financial metrics. The bank’s gross earnings rose by 3.0 percent to ₦2.469 trillion, compared to ₦2.398 trillion recorded in the same period last year. Net interest income also advanced by […]

Transcorp hotels posts 60% revenue rise, declares interim dividend
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UBA, Renewvia partner to deploy solar power across 25 branches

In a significant step towards deepening economic ties between Nigeria and Norway, United Bank for Africa has partnered with Renewvia Solar Nigeria to deploy renewable energy solutions across 25 UBA branches in five Nigerian states. This initiative was formalized at the official Ribbon Cutting ceremony held at the UBA Oba Akran 2 branch, Ikeja-Lagos, on […]

UBA wins Bank-of-the-Year award in Nigeria, seven other countries
Banking

UBA inducts over 700 young professionals

United Bank for Africa Plc, Africa’s Global Bank, has inducted over 700 young professionals into its workforce following their graduation from the Graduate Management Accelerated Programme—a flagship talent initiative designed to groom the next generation of African leaders. Since its launch three years ago, the GMAP has successfully produced more than 4,000 professionals across the […]

Banking

UBA posts N335bn profit after tax in H1 2025

United Bank for Africa Plc has released its financial performance for the half-year ended June 30, 2025, showing a profit after tax of N335 billion. The bank’s audited financials, released to the Nigerian Exchange Limited, showed significant growth in gross earnings and profit after tax, signaling robust balance sheet expansion. Despite the challenging global macroeconomic […]

Staff, customers safe, UBA clarifies Lagos fire incident
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Staff, customers safe, UBA clarifies Lagos fire incident

United Bank for Africa (UBA) has assured that its staff and customers are safe following the fire outbreak on Tuesday at Afriland Tower, a six-storey commercial building on Broad Street, Lagos Island. The bank explained that while the building houses one of its branches, its corporate headquarters—UBA House on Marina—was not affected, contrary to earlier […]

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Banking

UBA backs Kenya’s roads levy securitisation with $150m investment

United Bank for Africa Plc has pledged $150 million (KES 20.5 billion) to support the Government of Kenya’s $1.35 billion Roads Levy Securitisation Programme, underscoring the pan-African lender’s commitment to financing key infrastructure and promoting inclusive growth across the continent. The commitment was announced during a working visit to Nairobi by UBA Group Managing Director/Chief […]

Business

PAPSS is Africa’s answer to global tariff war – UBA

The Group Managing Director and CEO of United Bank for Africa, Mr. Oliver Alawuba, has described the Pan-African Payment and Settlement System as Africa’s strategic response to the ongoing global tariff war. He made this remark on Wednesday during the launch of the Nigeria-Ghana payment corridor—a partnership between PAPSS and UBA—which enables UBA’s AI-powered chatbot, […]

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